According to an article in Ocala.com
The Marion County foreclosure rate has surged in July 2011.? This included foreclosed homes in Ocala, FL.? Does this mark a short term trend with now a second consecutive month of increases?
As of 08-11-2011, OMCAR MLS data for Ocala Foreclosures indicates that out of 3417 homes on the market, there are currently 307 residential homes in foreclosure.? The short sale numbers totaling 898 are even more bleak .? That makes 1205 homeowners or 35.3% of the market in a distressed situation.? Of course, the numbers do not include FSBOs.
The Ocala horse farms numbers are not as boding with 13 foreclosures and 20 short sales listed out of 532 total active/pending listings.
The Ocala.com article reads in part?
?There were 603 county properties in some stage of foreclosure last month, up from 376 in June, making the increase the largest percentage hike in a year for the area, according to data released Thursday by RealtyTrac. RealtyTrac monitors and analyzes foreclosure trends.
The company reported that one in every 264 homes in Marion County was in foreclosure. The greatest rate of foreclosure was in the Silver Springs area, where about one in every 52 homes was in foreclosure. The lowest rate was in Reddick, with one home in several hundred in foreclosure.
While Marion County foreclosures [Ocala Foreclosures] ballooned, Florida?s overall foreclosure rate fell slightly, to 22,377 foreclosures.
Nationally, foreclosures were also down.
There were 212,764 properties in the foreclosure process in the United States during July, according to Realtytrac, a 4 percent decrease from June and a 35 percent decrease from July 2010. The decrease meant that one in every 611 U.S. homes was in foreclosure last month.
?July foreclosure activity dropped 35 percent from a year ago, marking the 10th straight month of year-over-year decreases in foreclosure activity and the lowest monthly total since November 2007,? said James J. Saccacio, chief executive officer of RealtyTrac in a press release. ?This string of decreases was initially triggered by the robo-signing controversy back in October 2010, which forced lenders to substantially slow the pace of foreclosing ??"
Right now ?Cash is King? so if you have the cash now is the best time to buy Ocala foreclosures and real estate at rock bottom prices.
For the rest of the article visit Ocala.com
Source: http://ocalafloridarealestate.net/ocala-florida-real-estate/ocala-foreclosures-surge-in-july-2011
donovan mcnabb donovan mcnabb yahoomail santonio holmes 14th amendment matt hasselbeck matt hasselbeck
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